1500 Perkiomen Avenue

READING, PA 19602

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 3920
    Sqft(Lot)
$649,999

Description

Calling investors! this is a 10 cap property with room to grow! you can be cash positive first year! the return on this property is significant with a superior return on investment. with the opportunity to increase an already exceptional rent roll.

this 6 unit building features many long term tenants and has a solid rental history. 1st flr is a 5bd full floor unit that will be increasing its rent to $2224 in january. unit 2e (vacant) - $1200 (hud approved $1452 also beginning january). unit 2w - $1200. unit 3e - $700. unit 3w - $1200. unit 4r - $1000.
total rent roll as of january 2025 - $7524 ($7776 with hud tenant).
total 2025 rental income - $93.312
total expenses - $25,975. (incl. taxes, insurance, pest, water, sewer, trash, heat, house electric)
net - $67,337

landlord currently pays for water, sewer, trash, and heat. units are all separately metered for electric. separate water meters have been added to most units to allow for tenants to pay their own water but current owner has not utilized them.

all leases are being signed or have been transitioned to month to month for a smooth transition to the new owner(s). showings are limited and will be bundled when possible to limit tenant inconveniences.

do not visit the property without authorization! please respect the privacy of the current tenants.

  • Property Type

    Multi-Family

  • County

    BERKS

  • Style

    Colonial

  • AD ID

    48181805

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Roof : Shingle,Flat

    Roofing Information

    • Shingle,Flat

    Heating & Cooling

    • Cooling: Window Unit(s)
    • Heating: Hot Water
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1900
    • Structure: Other
    • New Construction: No
    • Total Units: 4
    • Built: 1900
    • Construction Material: Block,Stone
    • Roof: Shingle,Flat
    • Architecture: Colonial
    • Pool/Private: No Pool
    • Roof Type: Shingle,Flat

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 3,920
    • Dimensions: 0.00 x 0.00
    • Lot Size (Acres): 0.09
    • Architectural Style: Colonial
    • Main Square Feet: 3,920

    Property Information

    • SQ ft: 5,500
    • SQ ft (Living Area): 5,500
    • Total Lot SQ ft: 3,920
    • Financing: Cash,Conventional,Negotiable
    • Appx. Lot Dimensions: 0.00 x 0.00
    • Total Acreage: 0.09
    • New Construction: No
    • Type: Colonial

  • Listing Information

    • Possession: 0-30 Days CD,31-60 Days CD,61-90 Days CD
    • Days Of Market: 10

  • Tax Information

    • Annual Tax: $4,001
    • Tax Year: 2024
    • Total Taxes Payment Frequency: Annually

    Possession

    • 0-30 Days CD,31-60 Days CD,61-90 Days CD

    Assessment Information

    • Taxes Assessment Amount: $90,100

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Acceptable Financing: Cash,Conventional,Negotiable
    • Roof: Shingle,Flat

    Homeowners Association Information

    • Direction: Take Perkiomen ave into Reading. Property is on the corner of Perkiomen Ave and S 15th Street.

  • School Information

    • High School: READING
    • School District: READING

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: Take Perkiomen ave into Reading. Property is on the corner of Perkiomen Ave and S 15th Street.
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BuyOwner last updated this listing 01/21/2025 @ 09:11

  • MLS: PABK2052178
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 3,920 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of READING , in zip code 19602, this BERKS County Other and are nearby neighborhoods.